Equivalent hourly rate definition
Equivalent hourly rate means the employee’s monthly salary multiplied by twelve (12) and divided by two thousand and eighty (2080).
Equivalent hourly rate means the employee’s monthly salary multiplied by twelve (12) and divided by two thousand and eighty (2080). An employee reporting for work on a “call out” shall be paid for all work performed during the call out either at one and one half (1 times the employee’s equivalent hourly rate or four (4) hours at the employee’s equivalent hourly rate, whichever is greater. To qualify for call-out allowance, an employee shall have:
Examples of Equivalent hourly rate in a sentence
Equivalent hourly rate shall mean the employee's regular weekly salary divided by the number of hours in the regular work week.